I understand where the confusion arose
"The interest rates were artifically lowered in 2000 to head off a recession we should have had after the .com stocks bubble burst. It worked."
It worked defiantly (to head off the 2000 recession), because it just inflated a different bubble and meant that it just shifted the pain to when THAT bubble burst. They are now trying to reinflate the bubble and if it works the pain will be gone for another few years, then the depression will be WORSE.
Long term the decision to lower interest rates in 2000 has turned out to be a total disaster, but short term it worked (artifially only) because we didn't have a recession.
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